The Philippine Consulate on Tuesday thanked the Hong Kong government for its "understanding" and in ordering a review of the mandatory vaccination of all foreign domestic helpers against the coronavirus disease (COVID-19). AFP/ MANILA BULLETIN/ FILE "We thank Chief Executive Carrie Lam and Hong...
Young entrepreneurs, small-scale farmers, and fisherfolks who were affected by the coronavirus disease (COVID-19) pandemic were prodded to avail of the Department of Agriculture's (DA) loan offers to help them recover and get out of the doldrums. (Photo courtesy of the Department of Agriculture) In...
Senator Christopher “Bong” Go said he is against defunding the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) despite criticisms over its red-tagging activities. Go warned that the move to discontinue the allocation of funds to NTF-ELCAC could derail the government’s...
Trade and Industry Secretary Ramon M. Lopez has vowed of government policies that strengthen prioritization of local procurement over imports to boost domestic demand and rebuild jobs amid high unemployment in the country following several company closures due to the...
The faster recovery in more advanced economies and possible early start towards normalization will not necessarily translate to a similar monetary policy stance for the Philippines which intends to keep interest rates low in support of growth, according to Bangko Sentral ng Pilipinas (BSP) Governor...
Inflation forecast adjusted upwards The central bank’s Monetary Board decided today (February 11) to keep policy settings unchanged but adjusted the inflation forecast for 2021 higher as it sees consumer price index remaining elevated for most of this year due to supply side shocks. Bangko...
The central bank’s Monetary Board is not expected to move the key rate when it meets for its first policy review for 2021 on Thursday, according to Moody’s Analytics Asia Pacific. “The Philippines’ central bank is expected to keep its key policy rate unchanged at two percent at its...
The Bangko Sentral ng Pilipinas (BSP) is increasing the fees it charge on banks’ deposits and reinstating fees for withdrawals of cash transactions as part of its Clean Note and Coin Policy (CNCP) and to improve the circulation of fit banknotes. Based on Circular No. 1106, the BSP is...
After a surprised interest rate cut last month, the central bank’s Monetary Board may still decide to bring the policy rate to below two percent when it meets for the last time this year on December 17. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that they continue...
The oldest collegiate league in the country has a new home. GMA-7 is where they belong now. After thorough deliberations, the NCAA Policy Board has decided to give the giant television network the broadcasting rights starting with the current 96th Season set to start either February or March next...
Keeps accommodative policy MB File Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is seeing continued demand for loans and banks’ “appetite” to lend despite that loan growth slowed in August because of risk aversion during the pandemic. Big banks’ outstanding loans as...
